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How do I get a mortgage for only half a property?
I'm looking to help my son onto the housing ladder, as his mortgage ability would not get him a house locally. We're looking at a property on the market at 200k, and we're considering that the property would be owned 50/50. My son has 20k deposit in savings, so would be looking for a mortgage for another 80k to total his…
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HTB loan and further advance- is it possible!?
Has anyone who has used a help to buy loan managed to borrow more on their mortgage before paying the loan off? Halifax seem to think it's now possible and have progressed our request for a further advance without requesting us to repay the loan. They are requesting a letter of postponement from Homes England currently. I…
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Are we expecting BOE to remain at 4.75% on 8th February 2025?
Will trackers decrease further, ie a rate closer to the BOE rate, or is that it for trackers.....not much movement since January on them.....
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When should I remortgage?
I currently have a 5-year fixed rate mortgage. The fixed rate period comes to an end at the end of July. I would like to get your thoughts on when to start the remortgage process and whether I should apply to specific lender directly...or even move all my banking.I'm after a 2-year fixed rate interest-only mortgage and…
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Will a car loan affect mortgage?
Hello, i am currently on a sabbatical from work and return in April. I will be returning to my same role and so will my wife. We earn 50k and 30k. We will have no vehicles when returning so i was thinking about getting a 16k loan over 4 years for two cars. Will this affect applying for a mortgage at the end of year?
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Product fee at remortgage
Morning Like many, and per my previous posts, our mortgage is due for renewal with nationwide. Our options are fee free, £999 upfront (which means a lower rate and monthly repayment- but we don't have 999) £861 a month at 4.19% or adding the 999 to the loan for £861 a month 4.19% No fee works out £875 a month at 4.39%…
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Kent reliance
We originally had a mortgage in the pipeline but then covid struck. Applied with another-got declined after nearly 4weeks, applied with kent reliance yesterday, initial underwriting was done this morning and valuation instructed. Now the quickness of this has me worried!! 🤣 Should I be concerned? Is valuation usually…
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Fixed term of mortgage ending 31st March + help to buy equity loan to repay and wanting to move
Hi, I am coming to the end of my 5 year fixed term mortgage at 1.76% on 31/03/25. I bought my house with a £95k help to buy equity loan, and house price will have gone up by around 10% so will have around £104k to repay on the equity loan. We want to move later this year so I am evaluating my options on the remortgage…
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Will getting a buy-to-let mortgage impact ability to get a residential mortgage later on?
Hi, I’m looking at buy-to-let mortgages for a property I already own 50% of (unencumbered), in order to buy the other 50%. I just wanted to check if getting a buy-to-let mortgage on this property will negatively impact my ability to get a residential mortgage in the future? Will it be factored in by lenders? Also - will it…
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Mortgage application after fraud
Last year I discovered a fraudulent account on my credit report that went into default. It took a while but this has recently been removed. My credit score through Experian has restored, but through TransUnion is a bit lower than it was. I now have a Cifas victim of impersonation flag on my report. Other than this, the…
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Extending mortgage term but house is on the market
Hi, my house is for sale as part of a divorce settlement. My ex and my joint fixed rate mortgage came to an end just as we were putting the house on the market. We contact our lender (HSBC) who allowed us to move to 6 months interest only. That is due to end this month and the house is still not sold. I contacted HSBC to…
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Moving to fortnightly mortgage payments - does it reduce interest and term length??
Has anyone change their monthly direct debit mortgage payment to fortnightly in an attempt to reduce interest paid and thus pay mortgage off quicker? I can see the theory on how this would work, and have the information I need to do this, but I'm was just wondering if anyone had done this and seen a reduction in their…
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CIFAS MARKER
Hi everyone so recently discovered I have a ‘false identity’ marker on my cifas file. Initially I thought it was only the ‘victim of impersonation’ marker but after I done a DSAR, the victim of impersonation marker has gone but the false identity marker still shows. Has anybody else got this marker and does it stop you…
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Mortgage after Debt
Hello I'm hoping someone who has been in a similar position can offer some general advice. i currently have a DMP with Stepchange, due to end in June 2026 altho I have been able to overpay on some of the debts so hoping this date will pull forward a couple of months. My current balance is around £8k. Two (or maybe 3) of…
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CIFAS Marker - Victim of Impersonation
Hi, Looking for some advice. I have always had a good credit score and monitor it very closely. Last month I noticed my score had dropped significantly as a new hard search was added by the Halifax. Note I have never banked with the Halifax so was surprised to see this on my file. I disputed this with Equifax and also…
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DMP & Mortgage renewal
Hi all, Myself and my partner are due to renew our mortgage, so firstly are there any tips or tricks that would come in handy? Our current interest rate is 2.55% current outstanding is £131,000 and we pay £550 at the minute so really hoping it doesn't go over £700/£750 as we will really struggle. I've recently set up a DMP…
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Mortgage Help/Advice
Hi, Hoping for some advice. Current Situation: My partner has cash savings ready for when we purchase a new house but he isn't on the deeds currently for the house. I am coming to the end of my mortgage (end of this month). I still have a mortgage of £173,000 (26 years left) the value of the house is £675000 and my partner…
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Fixed Rate ending - how long can I leave it to remortgage, without moving to SVR
Hello, forgive me, I have searched, but to no avail. Although I am sure somebody will have asked! My cushty 1.93% interest fix ends on 31st January, which is also my payment date. I can remortgage with same company (RBS) for a competitive rate, looking to do so for five years. Assuming my payment stays the same for 31st…
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Mortgage: Tracker vs Fixed Rate Predictions
Hello, I currently have a tracker mortgage with HSBC at 5.04%, which ends in February. I'm considering my options and wondering about interest rate predictions for the next 2 years. Will rates continue to decrease? Should I stay on a tracker or switch to a fixed rate? My options are: Tracker: 4.89% for 2 years (£999…
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First time buyer - mortgage advice needed for buying a family members house with a partner please
Hi All Any mortgage advice would be greatly appreciated please as we are first time buyers!! I’m looking at buying a first property with my partner. We will be buying my Dads house that we currently live in. It’s worth approximately £430k and I will be gifted £200k off the property. Any advice appreciated.
